Big four banks' forecast for RBA 3-year yield target, QE3
By Sophia Rodrigues
Published On 19 May 2021 , 01:44 PMEarlier Wednesday, ANZ published its view on third round of RBA's bond purchase program. In a note Wednesday, ANZ chief economist David Plank and his team said they expect RBA to announce another A$100 billion of program in the same form at the first and second round. That would be 80/20 purchase split between Australian government and state bonds over a period of six months.
With this update, ANZ and Westpac expect A$100 billion over six months. CBA expects A$50 billon over six months. NAB expects some form of taper but hasn't finalised its view yet.
In case of the three-year yield target, ANZ, CBA and NAB expect the RBA to not extend target to November 2024 bond and retain April 2024 as the target bond. Westpac is the only one who expects the RBA to shift target to the November 2024 bond.
LATEST SNIPPETS
AOFM gets strong coverage for April 2024 bond; yield 0.2818%
The AOFM has sold A$2.0 billion of 2.75% April 2024 government bond at a weighted average yield of 0.2818%....
Published on : 15 May 2020 , 11:05 AMCase for cut in RBA's cash rate builds further
The volume in Australia's interbank overnight cash transactions fell to new record low of A$42 million on Tuesday...
Published on : 13 May 2020 , 11:34 AMPrice guidance for AOFM's Dec 2030 bond 7-10bps over 10-yr futures
AOFM has announced the price guidance for the 1% December 2030 Treasury bond -- a spread of 7bps to 10bps over the im...
Published on : 12 May 2020 , 09:06 AMAOFM announces joint lead managers to 2030 syndication
AOFM has announced joint lead managers for the planned syndication of the new December 2030 government bond next week...
Published on : 08 May 2020 , 12:51 PMAOFM to sell new bond line maturing 2030 via syndication
The AOFM has announced a new bond line to be issued via syndication. The bond is December 2030. The joint...
Published on : 08 May 2020 , 12:15 PMFrom RBA's May SOMP Baseline Forecasts
From the RBA’s May Statement on Monetary Policy:
Baseline Scenario:
--GDP growth -8% June 2...
Published on : 08 May 2020 , 11:32 AMAOFM sells A$1.5B 2023 bond below RBA's 0.25% target
The AOFM has sold A$1.5 billion of 5.5% April 2023 government bond at a weighted average yield of 0.2348%.&...
Published on : 08 May 2020 , 11:05 AMNZ inflation expectations lowest on record; house price seen -5% in a year.
New Zealand inflation expectations fell to the lowest on record, with one-year consumer price index inflation at 0.74...
Published on : 07 May 2020 , 01:14 PMRBA buys A$600M of semis
The RBA bought A$600 million of semis via bond-buying auction today within the maturity January 2021 to December 2023...
Published on : 06 May 2020 , 05:07 PMAOFM sells 2031 bond at weighted avg yield 0.9369%
The AOFM has sold A$2.5 billion of 1.25% June 2031 government bond at a weighted average yield of 0.9369%. ...
Published on : 06 May 2020 , 11:10 AM